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It also provides that the purpose of proposed part 1041 (also referred to as “this part” or “this proposed part”) is to identify certain unfair and abusive acts or practices in connection with certain consumer credit transactions and to set forth requirements for preventing such acts or practices and to prescribe requirements to ensure that the features of those consumer credit transactions are fully, accurately, and effectively disclosed to consumers.
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Finally, the single investor fund, or SIF, combines the fund model with the separately managed account.
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